Building products firms boost output for recovery

Grant Prior 12 years ago
Share

Product manufacturers are reporting increases in levels of capital investment across all areas of their business for the first time in five years.

The ramping-up of production is highlighted in the Construction Products Association’s latest State of Trade Survey which reports strong growth in sales of construction materials in Q2.

The survey showed 100% of firms reporting rising sales with 83% expecting the recovery to continue for at least another 12 months as they invest in output.

Kallum Pickering, Senior Economist at the Construction Products Association, said: “These results confirm that the construction products industry is firmly on the path of recovery.

“All firms reported that sales increased compared with the second quarter of last year and, looking forward, no firms expect sales to fall over the coming year.

“There are clear signals that firms are looking to capitalise on the positive growth outlook.

“Both heavy side and light side firms reported that capital investment increased across all areas of business and, investment intentions over the next 12 months were equally positive.

Brick makers are also boosting output with deliveries growing by nearly 12%, from 1,551 million in 2012 to 1,736 million last year.

Simon Hay, CEO of the Brick development Association said: “Throughout the recession, brick manufacturers continued to monitor the economic climate closely in anticipation of the recovery which is now taking hold.

“Accelerated production levels and more forward planning reflect an emerging optimism and positive outlook for the future of the brick industry”.

Latest news

Severfield facing strike action next week

Industrial action to hit Bolton factory
13 hours ago

Leeds £1bn Eastgate Quarter vision moves up a gear

Consultant team assembled for Leeds’ last big city centre site
12 hours ago

Morgan Sindall eyes bumper 2026 on record workload

High-flying fit-out arm triggers another profit upgrade
21 hours ago

Funding agreed for £220m Paddington overstation job

Mace lined-up to start main construction works next month
21 hours ago

Salford set for record £525m wastewater reset

United Utilities alliance firms gear up to deliver twin wastewater works upgrades
21 hours ago

Construction grew 1.8% last year despite sharp Q4 fall

Private housing slump behind 2.1% output fall in final quarter
20 hours ago

Firms fined after two killed when MEWP overturns

Tragedy during testing of warehouse racking system
20 hours ago

Hill bags £45m Kent high-rise flats job

Firm beats rival Higgins and Lovell to Springfield Library redevelopment
21 hours ago

Willmott Dixon gets start date for £43m Kent leisure job

Spring start for Gravesend Cascades Leisure Centre
21 hours ago

D-Day for £37bn NHS hospital framework

Winners due to be announced imminently for mega deal
2 days ago

Severfield hires ex-ISG finance chief to steer turnaround

New CFO Andrew Page joins at “pivotal time” for steel specialist
2 days ago

Barratt Redrow £1bn safety upgrade works shift up a gear

Nearly 200 blocks now at tender or on site as remediation spend tops £73m in half year
2 days ago

Green light for Liverpool Street Station revamp

Plans approved to upgrade Britain's busiest station
2 days ago

Two arrested after 999 construction fly-tipping call

Rogue waste dumpers caught after lorry gets stuck in field
2 days ago

Barhale secures hat-trick of Thames Water sewer schemes

Firm bags Brent Cross, Benson and Basingstoke development-led sewer upgrades
3 days ago

Skanska seals £273m delayed Broadgate office overhaul

Retained frame and six-storey extension to transform One Appold Street
3 days ago

JRL lands £68m North London housing tower job

Long-stalled Brent 30-floor housing block job moves into delivery
3 days ago

School building winners to give apprentice guarantees

Contractors called on to create 13,000 new training places
3 days ago

DfT tests market for privately financed HS2 Euston station job

Market engagement opens on design, build, finance and maintain deal
4 days ago

Muse go-ahead for 1,600-home Solihull town centre reset

Demolition to start for Mell Square transformation
3 days ago

Subcontractors wanted across the Midlands

Work available at latest Constructionline event
3 days ago

Robertson Construction bounces back into the black

Contractor shakes off previous £13m loss year with £31m profit comeback
4 days ago

Glencar tipped for latest London data centre

Contractor to build next phase of £1bn Brent Cross campus
4 days ago

Muse to lead redevelopment of Wakefield shopping centre

Council moves to demolish The Ridings for 1,000-home quarter
4 days ago

Long-empty Southend HMRC tower set for 557-flat rebirth

Section 106 agreement paves way for construction start
4 days ago

RED starts revamp of Lincoln’s Inn Fields

First phase of refurbishment work at historic London site
4 days ago

Developer Salboy opens construction division to wider market

Salboy Construction will focus on time-critical and distressed housing schemes.
7 days ago

Balfour powers back to top of contracts league

World-first carbon capture power station lifts contractor up the rankings
7 days ago

Ardmore turns corner after bruising two years

Group forecasts £11m profit in 2025 after £41m loss and ACL administration
7 days ago

£3bn early works plan to kick-start major Parliament restoration

Seven-year phase one programme keeps rebuild options alive to 2030
7 days ago